Sirius XM Radio Inc. announced that for fiscal 2012, it expects revenue growth of 10% to approximately $3.3 billion and adjusted EBITDA growth of 20% to approximately $860 million. The Company also announced that it has reaffirmed its fiscal 2011 guidance and expects revenue of approximately $3 billion and adjusted EBITDA of about $715 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $3 billion for fiscal 2011; EBITDA of $933 million on revenues of $3.4 billion for fiscal 2012.

Sirius XM raises prices, shares gain

By Liana B. Baker and Saqib Iqbal Ahmed

Wed Sep 14, 2011 4:02pm EDT

(Reuters) - After years of being prevented by the government from raising prices, Sirius XM Radio Inc said will increase the cost of its most popular radio package by about $1.50, which sent the satellite radio provider's shares up more than 7 percent on Wednesday.

Customers will now pay $14.49 a month for Sirius XM basic packages instead of $12.95. This is below the $2 price increase some analysts were expecting.

The company will also adjust the prices of other programing packages, starting January 1.

On the Stern suit…..
There has been no action since July 22nd. This would seem to indicate that the parties are talking amongst themselves instead of through a court. Perhaps a good sign that some sort of middle ground can be found.

Like I told you before Ozzy . . . Howard will get a structured settlement . . . . and if he needs cash now:

I have on good authority that at least one objection to the Blessing settlement is already prepared, and now that Sirius XM has prepared an answer in the Shenk matter will be filed soon. As we all know Liberty Media has a substantial stake in Sirius XM, and could in theory gain a controlling interest in Sirius XM at any time. There is however a couple of legal matters that Liberty’s Malone may want addressed first. The Shenk, Blessing , and Stern matters are all still on the table and could be used as a negotiating tool for Liberty. It is something to consider.

Malone had better hurry-up and act now . . . I have on "good authority" that the share price will be at $2.70 to $2.80 by the end of the year.

?

hm, I wonder what news will come out tomorrow or perhaps the next day? (this kind of volume/conviction is certainly no accident).

and 200mm shares traded seems like a lot more than just "filing confusion" as some have speculated based purely on anecdotal data that consists of a handful of emails by "unsophisticated" investors . . . not buying it